New Hampshire 2026 Session Status: Enacted Bipartisan · 4 R · 1 D cosponsors

SB 487 — allowing credit union members to pay members of the board of directors for their services as a board member.

Last action — Signed by the Governor on 06/19/2026; Chapter 188; Effective 08/18/2026

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced November 21, 2025. Enacted.

Signed by Governor Kelly Ayotte (Republican) on June 24, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 78% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 8 sponsors

    1 primary, 7 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (4 R · 1 D) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill allows credit unions to compensate their board members for services.

This bill permits credit union members to pay board of directors' members for their service. This change aims to attract qualified individuals to serve on credit union boards.

What this means for you
  • Workers: Workers may be affected if credit unions, with better governance, offer improved financial services or support.
  • Small Business: If you run a small business, credit unions may become more efficient with skilled board members, benefiting local economic growth.

Summary

allowing credit union members to pay members of the board of directors for their services as a board member.

Bill Text

What changed in the latest version

17 added · 13 removed

Plain-language change summary

The updated version of SB 487 now specifically allows credit union members to pay board of directors for their services. This change is important because it opens the door for board members to receive compensation, which may help attract skilled individuals to take on these roles and ensure better governance within credit unions. The bill will take effect 60 days after its approval, allowing for a smooth implementation.

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Latest
SB 487 - VERSION ADOPTED BY BOTH BODIES SESSION 26-2052 07/05 SENATE BILL 487 AN ACT allowing credit union members to pay members of the board of directors for their services as a board member.
CHAPTER 188 SB 487 - FINAL VERSION SESSION 26-2052 07/05 SENATE BILL 487 AN ACT allowing credit union members to pay members of the board of directors for their services as a board member.
SB 487 - VERSION ADOPTED BY BOTH BODIES 26-2052 07/05 STATE OF NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT allowing credit union members to pay members of the board of directors for their services as a board member.
CHAPTER 188 SB 487 - FINAL VERSION 26-2052 07/05 STATE OF NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT allowing credit union members to pay members of the board of directors for their services as a board member.
1 Banks and Banking;
188:1 Banks and Banking;
2 Effective Date.
188:2 Effective Date.
Approved:
June 19, 2026 Effective Date:
August 18, 2026
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Action History

  1. Signed by the Governor on 06/19/2026; Chapter 188; Effective 08/18/2026

  2. Enrolled (in recess of) 06/04/2026 HJ 15

  3. Enrolled Adopted, VV, (In recess 06/04/2026); SJ 14

  4. Ought to Pass: MA VV 05/14/2026 HJ 13

  5. Committee Report: Ought to Pass 04/29/2026 (Vote 15-0; CC) HC 19 P. 7

  6. Executive Session: 04/29/2026 10:00 am GP 229

  7. Subcommittee Work Session: 04/21/2026 01:15 pm GP 229

  8. Public Hearing: 04/08/2026 01:45 pm GP 229

  9. Introduced (in recess of) 02/19/2026 and referred to Commerce and Consumer Affairs HJ 5 P. 124

  10. Ought to Pass: MA, VV; OT3rdg; 02/19/2026; SJ 4

  11. Committee Report: Ought to Pass, 02/19/2026; Vote 5-0; CC; SC 6

  12. Hearing: 02/03/2026, Room 100, SH, 10:15 am; SC 1

  13. Introduced 01/07/2026 and Referred to Commerce; SJ 1

Sponsors

Sponsorship breakdown

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1 sponsors · 7 co-sponsors · 407 not signed on

Sponsors (1)

Co-sponsors (7)

Not signed on (407)

407 members have not signed on to this bill.

Show all 407 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 487 do?
allowing credit union members to pay members of the board of directors for their services as a board member.
Who sponsors SB 487?
SB 487 is sponsored by Tim McGough (Republican), James R Thibault, Jared Sullivan (Democrat), Keith Murphy (Republican), Anita D Burroughs, Daniel Innis (Republican), John Michael Potucek, and John Hunt (Republican).
What is the current status of SB 487?
This bill has been enacted into law. Introduced November 21, 2025. Enacted.
Where can I track SB 487?
Track SB 487 free on One Click Politics — get push/email alerts when it moves.

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